Bloomberg Commodity Index
Commodities put in a strong session. The Bloomberg Commodity Index added 0.9% to 104.7 and is testing overhead resistance. One high conviction view we have had for some time is that a weaker dollar will drive the BCOM index higher, and resistance is being tested now at 105 (see below). Oil prices rose with WTI and Brent adding 1% to $63.30 and $67.50. Comex gold made a new high +1% to $3720oz, while silver added +1% to $43.16, a fresh 15yr high. Platinum added ) 0.75% to push back up above $1,400oz. Comex copper gained 1.5% to $4.72, while LME copper held above $10,000/ton. Bitcoin eased 0.5% to $115k. Iron ore eased 0.3% to US$105.50.
The Bloomberg Commodity has remained within a range for the past two years, but is presently testing overhead resistance. A topside breakout could ensue on further dollar weakness (which is our base case over the coming months). An advance above 106.7 would confirm an inflection in my view and raise the scope for a significant recovery. A weaker US dollar has historically been bullish for commodities.
Carpe Diem
Sign up to receive full reports for
the best stocks in 2025!
Where to Invest in 2025?
The market is full of opportunities—but which stocks will deliver real wealth-building potential?
At Fat Prophets, our expert analysts uncover the best Australian and global stocks to help you stay ahead of the curve. Whether you’re looking for growth, income, or diversification, our carefully curated portfolio gives you access to high-conviction stock recommendations backed by deep research and proven insights.
Subscribe now to get full reports of these stocks and get ready for the next big opportunities!
Over 25,000 customers worldwide
Need a try? You’re first-time customer?
Enjoy our Welcome Gift with $500 OFF your Membership
Use code: FPWELCOME
FAQ’s
How much does a Membership cost?
We have a number of Membership options for the DIY investor. Our research services cover individual stock opportunities in Australia, as well as the UK, global markets, and a sector-specific report focussing on the mining space. Annual Membership prices start at $1395.
Do you offer execution services?
No we do not, and our research is independent in the sense that we are not conflicted by operating broking services alongside them. We also do not offer ‘sponsored research’ and are not financially incentivised by any of the companies that we recommend to Members.
Can I access any special offers?
Our introductory joining offers relate only to new Members. We do however offer ‘early bird’ discounts to existing Members who renew in advance of their Membership expiring.
Can I get tailored financial advice?
Our research products are ‘general advice’ in nature only, however we do categorise all our recommendations by the level of risk appetite which we believe is involved. Members looking for more direct advice can also make an inquiry to our wealth management team which offers a separately managed accounts service.
Do you offer a Money-Back guarantee?
Yes we do. Fat Prophets offers a 100% money back guarantee on annual subscriptions within 30 days of taking out a Membership.
